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Why Do Small Businesses Fail?
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An 18 page paper discussing reasons that otherwise sound small businesses do not succeed. There is disagreement over what percentages of new businesses fail in the first five years-estimates range between 40 and 80 percent. Even at the low range, the failure rate is high, and evaluation of failures shows common traits that have led to those failures. Failure has far less to do with market conditions or the capabilities of the entrepreneur than it does with inadequate planning and forecasting. Small business 'experts' as well as the SBA stress that planning and forecasting should be done before the doors open for the first day of business so that the entrepreneur knows what to expect and when to expect it, as well as plan for its arrival. Adequate planning cannot prevent business failure, but it certainly can prevent the failure of businesses that otherwise deserve to succeed. Bibliography lists 11ources.
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Pages:
18
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Filename:CC6_KSbizbust.doc |
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Paper Title:
Why Do Small Businesses Fail?
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